Former Ace Hardware CFO Dorvin Lively was elevated to the position of interim CEO of RadioShack, after the Fort Worth, Texas-based electronics retailer’s CEO James Gooch stepped down.
A little more than a year ago, Dorvin Lively left Ace and joined RadioShack as CFO. He joined Ace as senior VP and CFO in 2008 and was promoted to executive VP in December 2010.
Lively was a professional accounting fellow at the Financial Accounting Standards Board in the early 1990s. He later became a senior VP and corporate controller at Toys “R” Us before moving on to Maidenform Brands, and then to Ace Hardware in 2008.
The challenges facing RadioShack are considered significant, as it meets head on the societal shift in the way consumers buy consumer electronics and the trend of shopping in store and buying online. The company’s stock has fallen about 70% since the beginning of the year.
Lively’s thoughts on retail growth, the role of the co-op and other matters were explored in an Home Channel News article in March 2011.